Trump envoy announces lifting of US sanctions on Belarusian banks and potash industry

US President Donald Trump's Special Envoy John Coale has announced during a visit to Belarus that sanctions would be lifted on several Belarusian banks and potash-producing companies.

Source: Coale speaking at a press conference in Minsk, as cited by Pul Pervogo, a Belarusian pro-governmental news outlet

Details: The envoy announced the sanctions relief after meeting Belarus' self-proclaimed president Alexander Lukashenko.

According to Coale, restrictions will be removed from the Belarusian Ministry of Finance, the Development Bank of Belarus and Belinvestbank. In addition, Belarusian Potash Company and Belaruskali – the country's main producers of potash fertilisers – will be taken off the US sanctions list.

The US presidential envoy said the rollback of restrictions would happen quickly and noted that he had discussed the issue with officials at the Treasury Department ahead of his trip to Minsk.

Background:

• It emerged on the evening of 19 March that following Coale's meeting with Lukashenko, the Belarusian regime released a group of political prisoners.
• Since the summer of 2025, after communication between the Trump administration and Lukashenko and a partial easing of US sanctions, more than one hundred Belarusian political prisoners have been freed.

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